Fccoop

MARKET COMMENTARY

AM Comments 08/22/14

Friday, August 22, 2014, 8:08 AM
Submitted by: Dustin Weiner


The markets are quiet but a little firmer this morning.  Soybeans are being lead around a bit by the cash market, which in places is extremely firm.  That general tightness is pushing the front end of the market higher, dragging November bean futures along with it a bit.  Also, another flash sale of new crop soybeans to China was announced at 8am this morning, which could give us enough strength to remain positive most of the day.  The Pro Farmer Crop Tour has the IA yield just under 179bpa which is less than what the USDA was showing earlier this month… This maybe can be the reason why corn is a penny higher this morning but overall there really isn’t much to go on for price direction.

 

Opening Calls

Corn steady to 1c higher

Soybeans 3 to 5 cents higher

 

Have a great day!

 

@fccoopgrain

 

 

 

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